financial job guide for newbies

Upload: theresa-lai

Post on 02-Apr-2018

222 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/27/2019 Financial Job Guide for Newbies

    1/27

    A Guide to Career Options:

    What Can I do with a Bachelors Degree in Finance?

    Multi-Level Positions for Finance Majors

    General Job Areas:

    Banking Center Manager Cost Estimator Loan Officer

    Benefits Officer Credit Analyst Management Consultant

    Branch Manager Credit Manager Market Researcher

    Budget Analyst Financial Advisor Mortgage Banker

    Business Analyst Financial Analyst Mortgage Loan Officer

    Business Manager Financial Consultant Private Banker

    Cash Manager Financial Manager Project Control Specialist

    Commercial Banker Financial Planner Project Manager

    Commercial Credit Analyst General Manager Research Analyst

    Commercial Loan Officer Inventory Analyst Treasurer

    Controller Investor Relations Officer Trust Officer

  • 7/27/2019 Financial Job Guide for Newbies

    2/27

    Insurance/Real Estate Area:(One could also major in Business Admin istration, Economics, Management or Marketing at

    DePaul)

    Actuary Real Estate Appraiser

    Claims Adjuster Real Estate Officer

    Insurance Agent Realtor

    Insurance Broker Residential Real Estate Agent/Broker

    Insurance Service Representative Risk Manager

    Loss Control Specialist Underwriter

    Property Management Real Estate Advisor

    Investments Area:

    (One could also major in International Business or Economics at DePaul)

    Commodity Broker Portfolio Manager

    Equity Analyst Project Finance

    Hedge Fund Principal Trader Public Finance

    Investment Manager Research Analyst

    Investment Operation Specialist Securities Analyst

    Mutual Fund Analyst Stock Broker

    Portfolio Management Marketing Trader

    Other Positions:(A choice of a double major may be helpful combined with Finance in the these fields)

    Accountant Contract Administrator Operations Coordinator

    Account Representative Deputy District Attorney Principal

    Articling Student Housing Accounting Clerk Product Support Representative

    Auditor Industry Economist Registered Representative

    Bureau of Labor Statistics Analyst Inventory Analyst Staffing Specialist

    Regional/Urban Planner Labor Relations Manager

  • 7/27/2019 Financial Job Guide for Newbies

    3/27

    Job Descriptions (can be found in the Occupational Outlook Handbook, unlessotherwise noted)

    General Area:

    Banking Center Manager:You would be responsible for overseeing all activities at your branch includingopening new accounts, loan origination, solving customer problems, foreign exchange and safe depositboxes. Most importantly, you are responsible for establishing relations with customers. This job can be verysatisfying, is never boring and requires you to be hands-on. Many bank managers start as tellers orcustomer service representatives. Key things to have for this position are customer service skills, empathy,quantitative ability, strong work ethic, organization and a solid understanding of banking. Can move up tobe a market manager and oversee branches in a market. Also known as Branch Manager

    Benefits Officer: Duties involve managing pension fund assets, setting up employee 401(k) plans,determining health care benefits policies and working with human resources to set up cost-effectiveemployee benefits. This job requires a combination of finance knowledge, knowledge of human resources

    management and understanding of organizational behavior.

    Budget Analyst: Work in private industry, nonprofit organizations, and the public sector. In private sectorfirms, a budget analysts main responsibility is to examine the budget and seek new ways to improveefficiency and increase profits. In nonprofit and governmental organizations, which usually are notconcerned with profits, analysts try to find the most efficient way to distribute funds and other resourcesamong various departments and programs. Analysts examine budget estimates and proposals forcompleteness; accuracy; and conformance with established procedures, regulations, and organizationalobjectives. Sometimes they employ cost-benefit analyses to review financial requests, assess programtradeoffs, and explore alternative funding methods. They also examine past budgets and researcheconomic and financial developments that affect the organizations spending. This process enables

    analysts to evaluate proposals in terms of the organizations priorities and financial resources.

    Business Analyst: The job description of a business analyst is rather extensive. He or she must firstdetermine the needs for a company by using many tools. They may conduct interviews with managementand other department leaders and analyze documentation, facts and figures. The analyst shouldincorporate a site survey to determine applications being used and what may be needed for superior qualityperformance. He or she will consider business applications currently being used which may or may not beworking. They will also conduct business analysis and a work flow analysis to assess difficulties in reachinggoals and to determine a better strategy.

    Business Manager: Plan, direct, or coordinate the operations of companies or public and private sector

    organizations. Their duties include formulating policies, managing daily operations, and planning the use ofmaterials and human resource. However, are too diverse and general in nature to be classified in any onearea of management or administration, such as personnel, purchasing, or administrative services. In someorganizations, the duties of general and operations managers may overlap the duties of chief executiveofficers. Also known as General ManagerCash Manager: Monitors and controls the flow of cash receipts and disbursements to meet the businessand investment needs of the firm. For example, cash flow projections are needed to determine whetherloans must be obtained to meet cash requirements or whether surplus cash should be invested in interest-bearing instruments.

  • 7/27/2019 Financial Job Guide for Newbies

    4/27

    Commercial Banker:is responsible for establishing and maintaining positive customer relationships,planning and delivering effective sales strategies and monitoring the progress of new and existing financialproducts. Bankers may work as managers in high street branches, providing operational support on a day-to-day basis, or in more specialized posts in corporate or commercial departments at area, regional or headoffices. Banks operate in a fiercely competitive marketplace where change is common. Products andservices must develop to satisfy the expectations and demands of customers. Working with staff andcustomers to achieve targets has become a major part of the role.

    Credit Analyst: This is a common entry level job which requires that you evaluate business and consumerloan applications made to your bank. Your duties include projecting a company's future cash flow,evaluating its current financial soundness, visiting and interacting with financial people at businesses anddealing with lenders. You will learn a lot about business in this job. Your success in this job will depend onhow detail-oriented you are, your knowledge of accounting and your ability to communicate.

    Commercial Loan Officer: Facilitate institutional lending by finding potential clients and helping them toapply for loans. Loan officers also gather personal information about clients and businesses to ensure aninformed decision regarding their creditworthiness and the probability of repayment. Loan officers may alsoprovide guidance to prospective borrowers who have problems qualifying for traditional loans. For example,

    loan officers might determine the most appropriate type of loan for a particular customer and explainspecific requirements and restrictions associated with the loan. Loan officers usually specialize incommercial, consumer, or mortgage loans. Commercial or business loans help companies pay for newequipment or expand operations; consumer loans include home equity, automobile, and personal loans;mortgage loans are made to purchase real estate or to refinance an existing mortgage. As banks and otherfinancial institutions begin to offer new types of loans and a growing variety of financial services, loanofficers will have to learn about these new product lines. Also known as Mortgage Loan Officer or LoanOfficer

    Controller: Oversees the preparation of financial reports, direct investment activities, and implement cashmanagement strategies. Controllers also develop strategies and implement the long-term goals of their

    organization. They direct the preparation of financial reports, such as income statements, balance sheets,and analyses of future earnings or expenses, that summarize and forecast the organizations financialposition. Controllers also are in charge of preparing special reports required by regulatory authorities.Often, controllers oversee the accounting, audit, and budget departments.

    Cost Estimator:Develop the cost information that business owners or managers need to make a bid for acontract or to decide on the profitability of a proposed new product or project. They also determine whichendeavors are making a profit. Regardless of the industry in which they work, estimators compile andanalyze data on all of the factors that can influence costs, such as materials, labor, location, duration of theproject, and special machinery requirements, including computer hardware and software. Job duties varywidely depending on the type and size of the project. Also known as Project Control Specialist or

    Project Manager

    Credit Manager: Oversees the firms issuance of credit, establishing credit-rating criteria, determiningcredit ceilings, and monitoring the collections of past-due accounts. This job requires knowledge of thecustomer and ability to analyze accounting statements.

    Financial Advisor : Assess the financial needs of individuals. Advisors use their knowledge of investments,tax laws, and insurance to recommend financial options to individuals. They help them to identify and planto meet short- and long-term goals. Planners help clients with retirement and estate planning, funding the

  • 7/27/2019 Financial Job Guide for Newbies

    5/27

    college education of children, and general investment choices. Many also provide tax advice or sell lifeinsurance. Although most planners offer advice on a wide range of topics, some specialize in areas such asretirement and estate planning or risk management. Also known as Financial Consultant or FinancialPlanner

    Financial Analyst: Assess the economic performance of companies and industries for firms andinstitutions with money to invest. Also called securities analysts and investment analysts, they work forinvestment banks, insurance companies, mutual and pension funds, securities firms, the business media,and other businesses, helping them make investment decisions or recommendations. Financial analystsread company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates inorder to determine a companys value and to project its future earnings. They often meet with companyofficials to gain a better insight into the firms prospects and to determine its managerial effectiveness.

    Financial Manager: Oversee the preparation of financial reports, direct investment activities, andimplement cash management strategies. Managers also develop strategies and implement the long-termgoals of their organization.

    Inventory Analyst: is responsible for maintaining targeted inventory levels for the distribution facilities of

    the company either locally or nationwide depending on the size of the company. Ongoing analysis ofvarious business factors including past and present retail performance, seasonality, and annual promotionswill aid you in forecasting future sales and the replenishment of merchandise for these facilities. Aninventory analyst will also work closely with vendors, dealers, and distribution center staff to ensureaccurate and timely orders while providing customer service to retailers which is also a key responsibility.

    Investor Relations Officer: Duties involve dealing with the investing public by disseminating financialinformation, responding to queries from institutional investors, issuing press releases to explain corporateevents and organizing teleconferences with investors. This challenging job involves contacts with top-levelexecutives and requires understanding of finance and public relations. Many who hold this job havebackgrounds in PR or advertising.

    Management Consultant: Analyze and propose ways to improve an organizations structure, efficiency, orprofits. After obtaining an assignment or contract, management analysts first define the nature and extentof the problem that they have been asked to solve. During this phase, they analyze relevant datawhichmay include annual revenues, employment, or expendituresand interview managers and employeeswhile observing their operations. The analysts or consultants then develop solutions to the problem. Whilepreparing their recommendations, they take into account the nature of the organization, the relationship ithas with others in the industry, and its internal organization and culture. Insight into the problem often isgained by building and solving mathematical models, such as one that shows how inventory levels affectcosts and product delivery times.

    Market Researcher: Gather information about what people think. Market, or Marketing, ResearchAnalysts help companies understand what types of products people want and at what price. They also helpcompanies market their products to the people most likely to buy them. Gathering statistical data oncompetitors and examining prices, sales, and methods of marketing and distribution, they analyze data onpast sales to predict future sales. Market research analysts devise methods and procedures for obtainingthe data they need. Often, they design surveys to assess consumer preferences through Internet,telephone, or mail responses. They conduct some surveys as personal interviews, going door-to-door,leading focus group discussions, or setting up booths in public places such as shopping malls. Trainedinterviewers usually conduct the surveys under the market research analysts direction. After compiling and

  • 7/27/2019 Financial Job Guide for Newbies

    6/27

    evaluating the data, market research analysts make recommendations to their client or employer. Theyprovide a companys management with information needed to make decisions on the promotion,distribution, design, and pricing of products or services. The information also may be used to determine theadvisability of adding new lines of merchandise, opening branches of the company in a new location, orotherwise diversifying the companys operations. Also known as Research Analyst

    Mortgage Banker: Make mortgage loans to homebuyers and businesses. This involves heavy contact withreal estate professionals, credit checks, and dealing with new buyers. Today, many loans are sold to otherinvestors in the mortgage backed securities market. This job has a good future because an increasingfraction of the population is likely to buy a house in the future.

    Private Banker: is a personal financial advisor who works for people who have a lot of money to invest.While most investors are simply saving for retirement or their childrens college education, these individualshave large amounts of capital and often use the returns on their investments as a major source of income.Because they have so much capital, these clients resemble institutional investors and approach investingdifferently from the general public. Private bankers manage portfolios for these individuals using theresources of the bank, including teams of financial analysts, accountants, lawyers, and other professionals.Private bankers sell these services to wealthy individuals, generally spending most of their time working

    with a small number of clients. Unlike most personal financial advisors, private bankers meet with theirclients regularly to keep them abreast of financial matters; they often have the responsibility of directlymanaging customers finances.

    Treasurer: and finance officers oversee the preparation of financial reports, direct investment activities,and implement cash management strategies. Treasurers also develop strategies and implement the long-term goals of their organization. They direct the organizations budgets to meet its financial goals. Theyoversee the investment of funds, manage associated risks, supervise cash management activities, executecapital-raising strategies to support a firms expansion, and deal with mergers and acquisitions.

    Trust Officer: Delivers trust services, financial products and advice to bank customers (often more upscale

    ones). This work will give you knowledge of business, investing, estate planning, taxes, probate law and willinvolve a lot of counseling. Also known as Fiduciary Officer

  • 7/27/2019 Financial Job Guide for Newbies

    7/27

    Insurance/Real Estate Area:

    Actuary: Assemble and analyze data to estimate the probability and likely cost of an event such as death,sickness, injury, disability, or loss of property. Actuaries also address financial questions, including thoseinvolving the level of pension contributions required to produce a certain retirement income level and the

    way in which a company should invest resources to maximize return on investments in light of potentialrisk. Using their broad knowledge of statistics, finance, and business, actuaries help design insurancepolicies, pension plans, and other financial strategies in a manner which will help ensure that the plans aremaintained on a sound financial basis.

    Claims Adjuster: Plan and schedule the work required to process a claim. They might, for example,handle the claim filed after an automobile accident or after a storm damages a customers home. Adjustersinvestigate claims by interviewing the claimant and witnesses, consulting police and hospital records, andinspecting property damage to determine the extent of the companys liability. Adjusters may consult withother professionals, such as accountants, architects, construction workers, engineers, lawyers, andphysicians, who can offer a more expert evaluation of a claim. The information gatheredincluding

    photographs and statements, either written, audio, or on video tapeis set down in a report that is thenused to evaluate the associated claim. When the policyholders claim is legitimate, the claims adjusternegotiates with the claimant and settles the claim. When claims are contested, adjusters will work withattorneys and expert witnesses to defend the insurers position.

    Insurance Agent:Commonly referred to as producers in the insurance industry, sell one or moretypes of insurance, such as property and casualty, life, health, disability, and long-term care. Property andcasualty insurance agents sell policies that protect individuals and businesses from financial loss resultingfrom automobile accidents, fire, theft, storms, and other events that can damage property. For businesses,property and casualty insurance can also cover injured workers compensation, product liability claims, ormedical malpractice claims. Life insurance agents specialize in selling policies that pay beneficiaries whena policyholder dies. Life insurance agents also sell annuities that promise a retirement income. Healthinsurance agents sell health insurance policies that cover the costs of medical care and loss of income dueto illness or injury. They also may sell dental insurance and short-term and long-term-disability insurancepolicies. Agents may specialize in any one of these product areas, or function as generalists, providing

    multiple products to a single customer. Also known asInsurance Broker

    Insurance Service Representatives: Sell insurance policies to companies and individuals to protectthem financially from risks such as death, fire and theft. They may also deal with superannuation, incomeprotection and other savings products.

    Loss Control Specialist: Makes on-site service and prospect calls to identify and evaluate exposures,hazards, and controls related to workers' compensation. They analyze the business operations,management and organization of complex multi-location business operations and processes. They analyzeand develop loss related information, and service plans, presenting loss control reports to managementwith recommended corrections to physical weakness, reduce losses, and develop or strengthenmanagement or administrative controls. Specialists prepare recommendations to pursue or decline specificaccounts. In addition, they work with agents to foster and develop relationships and to secure newbusiness. They develop and conduct training presentations and programs directed towards controlling

  • 7/27/2019 Financial Job Guide for Newbies

    8/27

    losses or improving claim case management to all levels of management employees of business clientsand small groups or associations.

    Property Management Real Estate Advisor: Property and real estate managers oversee theperformance of income-producing commercial or residential properties and ensure that real estateinvestments achieve their expected revenues.

    Real Estate Appraiser: Estimate the value of property for a variety of purposes, such as to assessproperty tax, to confirm adequate collateral for mortgages, to confirm or help set a good sales price, tosettle an estate, or to aid in a divorce settlement. They often specialize in appraising or assessing a certaintype of real estate such as residential buildings or commercial properties. However, they may be called onto estimate the value of any type of real estate, ranging from farmland to a major shopping center.

    Assessors estimate the value of all properties in a locality for property tax purposes whereas appraisersappraise properties one at a time.

    Real Estate Officer:Finds real estate locations for a company, negotiation of lease agreements,acquisition of real estate and valuation of properties. This job requires a thorough understanding of finance

    and real estate.

    Resident ial Real Estate Agent/Broker: Have a thorough knowledge of the real estate market intheir communities. They know which neighborhoods will best fit clients needs and budgets. They arefamiliar with local zoning and tax laws and know where to obtain financing. Agents and brokers also act asintermediaries in price negotiations between buyers and sellers. When selling property, brokers and agentsarrange for title searches to verify ownership and for meetings between buyers and sellers during whichthey agree to the details of the transactions and in a final meeting, the new owners take possession of theproperty. They also may help to arrange favorable financing from a lender for the prospective buyer; often,this makes the difference between success and failure in closing a sale. In some cases, brokers and agentsassume primary responsibility for closing sales; in others, lawyers or lenders do. Also known as Realtorsor Brokers

    Risk Manager:Oversee programs to minimize risks and losses that might arise from financialtransactions and business operations. They also manage the organizations insurance budget. Managersspecializing in international finance develop financial and accounting systems for the banking transactionsof multinational organizations.

    Underwriter: Decide if insurance is provided and under what terms. They are needed to identify andcalculate the risk of loss from policyholders, establish who receives a policy, determine the appropriatepremium, and write policies that cover this risk. An insurance company may lose business to competitors if

    the underwriter appraises risks too conservatively, or it may have to pay excessive claims if theunderwriting actions are too liberal.

  • 7/27/2019 Financial Job Guide for Newbies

    9/27

    Investments Area:

    Commodity Broker:The most common type of securities sales agent is called a broker or stock broker.These are the people who sell securities to everyday people, also known as retail investors. Although onlyabout 2 out of every 10 equities are held by small investors, most investors fall into this category. Because

    there are so many retail investors, they must work through a broker rather than trading directly on anexchange. First, the investor speaks with the broker, discussing the terms of the trade. Then, the brokerrelays this information to a traderat the companys headquarters. Because most securities companies arevery large, they can often find other company clients who are willing to buy or sell the same security.Otherwise, the stock trader places an order with a floor broker at an exchange, or trades the stock on anelectronic network. The broker charges a fee for this service, and may also make money by finding a lowerprice for the security than was arranged with the investor. Also known as a Stock Broker or Trader

    Equity Analyst: Works with financial analysis. An analyst will write reports on the companies they aresupposed to cover, trying to describe the businesses and their opinion of the company's investmentpotential, usually from a fundamental analysis standpoint. They also summarize that report with a rating,

    such as "buy", "sell", "market perform", "overweight", "hold", etc. The analysts get their information bystudying public records of the company and by participating in public conference calls where they can askdirect questions to the management. Previously, analysts were said to obtain lots of information (especiallyfrom clients of their investment bank), via exclusive meetings with upper management. Regulation FD (FairDisclosure) is said to prevent most of this from happening at present. Financial analysts work for banks,insurance companies, mutual and pension funds, securities firms, and other businesses, helping thesecompanies or their clients make investment decisions. Also known as Investment Analyst, SecuritiesAnalyst or Research Analyst

    Hedge Fund Principal Trader: Sell stocks and bonds to investors. Instead of selling their services tocompanies for fees, salespeople and traders sell securities to customers for commissions. These salesagents generally work by telephone, calling customers and their agents to discuss new stock and bondissues. When an investor decides to make a purchase, the order goes to the trading floor. Traders executebuy and sell orders from clients and make trades on behalf of the bank itself. Because markets fluctuate somuch, trading is a split-second decision making process. If a trader cannot secure the promised price on anexchange, millions of dollars could potentially be lost. On the other hand, if a trader finds a better deal, thebank could make millions more. Fund manager (or investment advisor in the U.S.) refers to both a firm thatprovides investment management services and an individual who directs fund management decisions.Also known as Investment Banking Sales Agent

    Investment Manager: is the professional management of various securities (shares, bonds etc.) andassets (e.g., real estate), to meet specified investment goals for the benefit of the investors. Investors maybe institutions (insurance companies, pension funds, corporations etc.) or private investors (both directly viainvestment contracts and more commonly via collective investment schemes e.g. mutual funds).Investment managers who specialize in advisory or discretionary management on behalf of (normallywealthy) private investors may often refer to their services as wealth management or portfolio managementoften within the context of "private banking". The provision of 'investment management services' includeselements of financial analysis, asset selection, stock selection, plan implementation and ongoing monitoringof investments. Investment management is a large and important global industry in its own right responsiblefor caretaking of trillions of dollars, euro, pounds and yen. Coming under the remit of financial servicesmany of the world's largest companies are at least in part investment managers and employ millions of staffand create billions in revenue. Also known as Portfolio Manager

  • 7/27/2019 Financial Job Guide for Newbies

    10/27

    Investment Operation Specialist (Sample Job Description: Indeed.com): Calculate, reconcile and postdividend payments, interest payments and principal pay-down transactions on multiple systems; Accuratereview and importing of equity, fixed income and mutual fund trade files; Accurate review and importing ofpricing data from various outside sources; Calculate, reconcile and post corporate action transactions onmultiple systems; Accurate security set-up, review and maintenance on multiple systems; Facilitate tradeexecution of mutual fund activity via NSCC/Fundserv and/or direct to fund NSCC file downloads; Online ortelephone execution of money market fund trades; Process ad hoc client, advisor and manager directedactivity with sub-custodian/broker relationships; Process trade corrections; provide gain/lossdocumentation; Research and resolve reconciliation outages due to trading, pricing, cash and securityvariances; Create or modify procedures for new department processes; Communicate effectively with alllevels of personnel, fund representatives and portfolio management; Adopt continuous processimprovement mindset in rapidly changing fast paced environment; create and modify procedures for newdepartment processes and improvements; Surge as a back up resource for all areas of group; ability toprovide cross training to others in the group; Work with business analysts to develop requirementdocuments and test plans for enhancement requests for custody system as well as assist in the testing ofthose enhancements

    Mutual Fund Analyst: Conduct the due diligence analysis of mutual funds and related products includingmanaged-account products, retirement and college-savings plans, and unit investment trusts sold by theorganization. They prepare recommendations associated with mutual fund and related product approvals.They also communicate conclusions to product leaders, vendors, and internal clients at all levels. Theydevelop an in-depth knowledge of mutual funds and related investment products spanning three countries.Finally, they work in collaboration with other product review analysts to support the department's objectives.

    Portfolio Management Marketing (Sample Job Description: Burger King Brands, Inc.):The primary objective of this position is to lead a cross-functional team in the development, positioning andimplementation of new products. This cross-functional team is comprised of managers from Product R&D,Consumer Insights, Research & Analysis, Marketing, Operations R&D, Operations Excellence, and other

    related departments. The end goal of these efforts is to increase sales and profits in a measurable way fora given group of products. The product development process requires concept development, robustconsumer research and analysis, and in-market testing. Product commercialization and optimizationadditionally requires product and brand positioning, advertising and merchandising development, andproduct portfolio management. The assistant manager works closely with the Product Marketing manager,director, and extended Product Marketing team to achieve these goals.

    Project Finance: The financing of long-term infrastructure and industrial projects based upon a complexfinancial structure where project debt and equity are used to finance the project. Usually, a project financingscheme involves a number of equity investors, known as sponsors, as well as a syndicate of banks whichprovide loans to the operation. The loans are most commonly non-recourse loans, which are secured by

    the project itself and paid entirely from its cash flow, rather than from the general assets or creditworthinessof the project sponsors, a decision in part supported by financial modeling. The financing is typicallysecured by all of the project assets, including the revenue-producing contracts. Project lenders are given alien on all of these assets, and are able to assume control of a project if the project company has difficultiescomplying with the loan terms.

    Public Finance: A field of economics concerned with paying for collective or governmental activities, andwith the administration and design of those activities. The field is often divided into questions of what thegovernment or collective organizations should do or are doing, and questions of how to pay for thoseactivities.

  • 7/27/2019 Financial Job Guide for Newbies

    11/27

    Other Positions:

    Accountant: Help to ensure that the Nations firms are run efficiently, its public records kept accurately,and its taxes paid properly and on time. They analyze and communicate financial information for variousentities such as companies, individual clients, and government. Beyond carrying out the fundamental tasksof the occupationpreparing, analyzing, and verifying financial documents in order to provide informationto clientsmany accountants also offer budget analysis, financial and investment planning, informationtechnology consulting, and limited legal services.Specific job duties vary widely among the four major fields of accounting and auditing: public, management,government accounting, and internal auditing. Also known as Auditors

    Account Representative: an individual who is licensed to sell securities and has the legal power of anagent, having passed the Series 7 and Series 63 examinations. Usually works for a brokerage licensed bythe SEC, NYSE, and NASD.Also known as Registered Representative

    Ar ticl ing Student (Sample Job Description: McCuaig Desrochers LLP):We expect our articling students to continue their formal education within the context of the law firmenvironment, and to become exposed to the highest possible range of legal subject matters, variousalternatives for dispute resolution, appropriate business practices, and ethical standards. Students willreceive assignments from all members of the firm, coordinated and closely guided by their principal. Wepride ourselves on an "open-door" policy, and students will have the opportunity to develop their own skillsand interests by drawing on the diverse expertise of all practitioners. Because we look upon the articlingprocess as one of making an investment in the firm's future as well as the student's, we place the focus oneducation and obtaining experience. The student will have considerable client contact and courtroomexperience, as well as preparing research memoranda.

    Bureau of Labor Statistics Analyst: Starts a project by listening to managers describe a problem. Then,analysts ask questions and formally define the problem. For example, an operations research analyst for anauto manufacturer may be asked to determine the best inventory level for each of the parts needed on aproduction line and to ascertain the optimal number of windshields to be kept in stock. Too manywindshields would be wasteful and expensive, whereas too few could halt production. Analysts would studythe problem, breaking it into its components. Then they would gather information from a variety of sources.To determine the optimal inventory, operations research analysts might talk with engineers aboutproduction levels, discuss purchasing arrangements with buyers, and examine storage-cost data providedby the accounting department.

    Regional/Urban Planner: Develop long- and short-term plans for the use of land and the growth andrevitalization of urban, suburban, and rural communities and the region in which they are located. They helplocal officials alleviate social, economic, and environmental problems by recommending locations for roads,schools, and other infrastructure and suggesting zoning regulations for private property. This work includes

    forecasting the future needs of the population. Because local governments employ the majority of urbanand regional planners, they often are referred to as community or city planners.

    Contract Administrator: Prepare Contract Documents (Purchase Agreements, Service EngagementLetters, Revisions, Teaming Agreements, Change Amendments, etc); Proactively engage in everyopportunity to ensure prompt, efficient and accurate turnaround of customer documents; Recommend ideasfor optimizing the daily workflow processes and document retention and retrieval processes; Enhance thebrand image of Entelligence and Brocade by providing an extraordinary Customer Experience throughflawless execution of account strategies.

  • 7/27/2019 Financial Job Guide for Newbies

    12/27

    Deputy District Attorney: Attorneys employed by the District Attorney's Office to support the DistrictAttorney in prosecuting those who violate the law. DA's Offices are typically organized in a hierarchicalmanner, less experienced deputy district attorneys (DDAs) are assigned routine misdemeanor and felonycrimes. More experienced DDAs will be given more serious cases. In larger offices, DDAs who haveconsiderable trial experience will often be assigned to special divisions handling particular types of cases,such as gang related crimes, financial crimes, narcotics, and sex crimes. Other, less conventionalassignments include community related projects such as in Lancaster, CA where David Berger DeputyDistrict Attorney was assigned to handle the creation of an entire anti-crime task force which becameknown as LAN-CAP. For the most part DDAs duties start after a crime has occurred, a suspect has beenidentified, and arrest has been made. The DDA will receive a file with crime reports, results of forensicinvestigations, and witness statements. It is then the duty of the DDA to review the file and present the casein court.

    Housing Accounting Clerk (Sample Description: Indeed.com): Responsible for various duties within theAccounting Department, which may include the following: processing, recording, and dispensing ofpayments for all hotel liabilities incurred; processing, recording, and billing of debts owed to the hotel;accurate reporting of revenue to ensure that the information is balanced to the general ledger.

    Industry Economist: Study how society distributes resources, such as land, labor, raw materials, andmachinery, to produce goods and services. They may conduct research, collect and analyze data, monitoreconomic trends, or develop forecasts. Economists research a wide variety of issues including energycosts, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, amongothers.Economists develop methods for obtaining the data they need. For example, sampling techniques may beused to conduct a survey and various mathematical modeling techniques may be used to developforecasts. Preparing reports, including tables and charts, on research results also is an important part of aneconomists job. Presenting economic and statistical concepts in a clear and meaningful way is particularlyimportant for economists whose research is intended for managers and others who do not have a

    background in economics. Some economists also perform economic analysis for the media.

    Inventory Analyst: is responsible for maintaining targeted inventory levels for the distribution facilities ofthe company either locally or nationwide depending on the size of the company. Ongoing analysis ofvarious business factors including past and present retail performance, seasonality, and annual promotionswill aid you in forecasting future sales and the replenishment of merchandise for these facilities. Aninventory analyst will also work closely with vendors, dealers, and distribution center staff to ensureaccurate and timely orders while providing customer service to retailers which is also a key responsibility.

    Marketing Manager: Develop the firms marketing strategy in detail. With the help of subordinates,including product development managers and market research managers, they estimate the demand for

    products and services offered by the firm and its competitors. In addition, they identify potential marketsfor example, business firms, wholesalers, retailers, government, or the general public. Marketing managersdevelop pricing strategy to help firms maximize profits and market share while ensuring that the firmscustomers are satisfied. In collaboration with sales, product development, and other managers, theymonitor trends that indicate the need for new products and services, and they oversee productdevelopment. Marketing managers work with advertising and promotion managers to promote the firmsproducts and services and to attract potential users.

  • 7/27/2019 Financial Job Guide for Newbies

    13/27

    Operations Coordinator(Sample Job Description: City of Columbia, MS)Responsible for scheduling, shift assignment and manpower needs. Responsible for overseeing themaintenance of all communication equipment on and off site including warning sirens, generators,transmitters, etc. Advises on system requirements and alternatives; ships equipment for service/ gathersdata and statistical information and supervises short-term equipment projects. Participates in interviews;makes recommendations on permanent and temporary employee selections; supervises daily operationsincluding work schedules, work locations, and assignments. Ability to assume the duties of the

    Administrator and Administrative Services Coordinator in their absence. Assists staff in the developmentand maintenance of procedures, protocol and data base information for both new and existing systems.

    Assists Administrative Services Coordinator with training needs, continuing education and programsrequired by State Law and policy and procedure changes. Assists staff with maintenance of 911 systemand documentation including updating "run boxes" and street indexing and operator instruction on same asrequired. Responsible for overseeing the production of recordings and documents for court. Investigatescomplaints and gathers data as assigned. Must be able to supervise or work a console position in theoperations room as needed.

    Principal: Responsible for the overall operation of their schools. Some of their duties and responsibilitiesare delineated in state statutes. States and school districts have also set expectations for principals through

    their principal evaluation criteria and procedures. During the latter part of the twentieth century, as schoolsbegan to be held more accountable for the performance of their students on national and stateassessments, the duties and responsibilities of principals changed. Principals became more responsible forteaching and learning in their schools. In particular, their duty to monitor instruction increased along withtheir responsibility to help teachers improve their teaching. With this change in responsibilities, principalsdiscovered the need to more effectively evaluate instruction and assist teachers as they worked to improvetheir instructional techniques. The principal's duty to improve the school instructional program is mandatedby legislation in some states. Some state legislation requires the removal of principals when schools areclassified as low performing (students do not meet achievement expectations) for a specified period of time.

    Product Support Representative (Sample Job Description: ADTS): Assist customers and sales

    representatives with material and/or product/equipment problems, returns, and exchanges, and willexpediently handle and/or escalate related customer concerns and questions to ensure high levels ofcustomer service, in accordance with customer and organizational requirements, procedures, andregulatory guidelines. Includes, but is not limited to: responding to incoming phone calls in a timely,cheerful, helpful, and professional manner, and providing assistance with problem solving and equipmenttroubleshooting; gathering sufficient and critical information related to specific customer reported concerns,questions, and/or equipment problems in order to determine appropriate courses of action; authorizing andissuing return authorization numbers for the return of materials and customer owned equipmentcorresponding to service requests, preventive maintenance requests, and/or specific product complaints;monitoring and tracking the return, repair, processing, and turnaround of materials and equipment;processing and coordinating requests for loaner equipment; entering accurate and timely information into

    the Product Support database, SAP system, and other systems as necessary to effect product returnsand/or exchanges and ensure customer satisfaction.

    Staffing Specialist: Human resources, training, and labor relations managers and specialists attract themost qualified employees and match them to jobs for which they are best suited. In the past, these workersperformed the administrative function of an organization, such as handling employee benefits questions orrecruiting, interviewing, and hiring new staff in accordance with policies established by top management.Todays human resources workers manage these tasks, but, increasingly, they also consult with topexecutives regarding strategic planning. They have moved from behind-the-scenes staff work to leading thecompany in suggesting and changing policies. Also known as Labor Relations Manager

  • 7/27/2019 Financial Job Guide for Newbies

    14/27

    Masters and Doctoral Level Careers in Finance and Related Areas

    Career Education in Finance: Undergraduate and GraduateDegree and Certificate Programs

    Your finance curriculum will provide you with fundamental financial management tools to succeed in

    analyzing and executing the financial aspects of managerial decisions. The minimum level of educationrequired for finance careers is the bachelor's degree. Popular online college courses in finance focuson technology, ethics, e-business, critical thinking, problem solving, research methods and statisticalanalysis. Careers in financial management generally require a master's degree or MBA (Master of Business

    Administration) --some firms hiring financial analysts require one. A bachelor's degree is required for CFAcertification, as outlined below.

    Masters Degree in Finance:Obtaining a master's degree in finance is commonly done while working full time, as a way to advance yourprofessional credentials and in conjunction with certification as a Certified Public Accountant (CPA),Certified Management Accountant (CMA), or Chartered Financial Analyst (CFA). Online college classes are

    an increasingly popular way for financial professionals to accomplish this goal.

    MBA programs with a finance specialization consistently update the curriculum to retain current marketrelevancy.

    PhD programs focus on greater understanding of leadership and organizational change, knowledge andlearning management, high level decision-making, and finance in modern enterprise. Doctorate programsgenerally have a short residency requirement.

    World Wide Learn:

  • 7/27/2019 Financial Job Guide for Newbies

    15/27

    Internship Position Titles:

    Actuarial Analyst Advertising Sales Intern Audit & Assurance Intern Business Management Intern Business Operations Intern Client Service Intern Commercial Market Intern Corporate Cash Management Intern Corporate Communications Intern Enterprise Change Management Intern Equity Analyst Intern Equity Derivatives Trader Trainee Intern Finance Intern Finance Associate Financial Advisors Assistant Financial Planning Intern Financial Reporting Intern Financial Representative Financial Trading Intern Human Resources Intern Internal Audit Intern Inventory Management Intern Investment Banking Analyst Investment Banking Marketing Intern Loan Administrative Intern Marketing Analysis Intern Peer Career Advisor Private Banking Intern Project Management Intern Public Service Intern Research Analyst Statistical Analyst/Pivot Tables Intern Stockbroker Intern Strategy & Business Development Intern Tax Intern Trade Support Reconciliation Analyst Intern Valuation Intern Wealth Management Intern

    *In order to search for more internship tit les, you can visit DePauls erecruiting website athttp://depaul.erecruiting.com.

  • 7/27/2019 Financial Job Guide for Newbies

    16/27

    Did you knowAlumni can help you explore yourCareer Options?

    The following is a list of employers represented by ourFinance Alumni . Search for thesevaluable career

    mentors and othersat depaul.erecruiting.com or ask.depaul.edu.

    Accenture,LLC DVTrading,Inc. McGrawHill

    AdvisorsClearingNetwork,Inc. EdwardJonesInvestments MerrillLynch

    AmericanIntercontinentalUniversity EnergyAdvisory&AssociatesLLC MillcoInvestments

    AmeripriseFinancialServices,Inc. EnergyConservationPartners,LLC MorganStanley

    AnixterInternational,Inc. EnterpriseManagementSolutions Morningstar

    APACCustomer

    Services,

    Inc.

    Fashion

    Resources

    Corp

    Nalco

    Company

    ArchdioceseofChicago FederalReserveBankofChicago NASD

    ArthurAndersen FidelityNationalFinancial,Inc. NationalAssociationofSpineSpecialists

    BancofAmericaInvestmentServices,Inc. FiduciaryAssetManagement NavigantConsulting,Inc.

    BancofAmericaLeasing&Capital,LLC FifthThirdBank Navistar,Inc.

    BancoPopularNorthAmerica FirstBank&Trust NewYorkLife,EagleStrategiesCorp.

    BankofAmerica FleetBusinessCredit,LLC NorthernTrust

    BankOne GallantConstructionCo.,Inc. NovellInc.

    BatorTraining&Consulting,Inc. GeneralElectric Nuveen

    BDOSeidman,LLC GoPromotions OfficeoftheStateAppellateDefender

    Bereskin&Parr GoldmanSachs Oppenheimer&Co.Inc.

    BMOCapitalMarkets Google Palladium

    BourbonHotels&Resorts Grubb&EllisCompany PraxairSurfaceTechnologies

    BremenHigh

    School

    District

    Harris

    Bank

    Primus

    Capital

    Funds

    Buccino&Associates Hinshaw&Culbertson ProjectManagementPartners,Inc.

    BuildersCenterofChicago HomeDirect,Inc. QuesTec

    CalamosInvestments HometownAmerica RivertreeCommunications

    CastrolIndustrialLubricantsandServices HorizonAssociates SafeMoneyConcepts

    CaterpillarInc. HoulihanLokeyHoward&Zukin,Inc. SearsHoldingsCorporation

    CaxtonAssociates HuronConsultingGroup SonnenscheinNath&Rosnethal,LLP

    Closerlook IBM StanislausCountyDistrictAttorney'sOffice

    ColdwellBanker IntegroInsurance SterlingFinancialInvestmentGroup

    CompBenefitsCorporation Ipsos SummitEnergyServices,Inc.

    CookUrologicalInc. JMG SVBFinancialGroup

    CreditAgricoleAlternativeInvestments JPMorganChase TDSecurities

    CWCapital KemperSportsManagement TEKsystems

    Deloitte

    KMGEnterprises,

    LLC

    American

    Association

    of

    Individual

    Investors

    DeloitteFinancialAdvisory Laurencelle&Associates,Inc. ThomsonTransactionSystems

    DePaulUniversity LazardFreres&Co. TransUnionLLC

    DiamondChannel,Inc. LFG TranswesternInvestmentCompany

    DiscoverFinancialServices LifeServCorporation UrbanDevelopmentFund,LLC

    DraupnirLLC MarvinacConsultingServices,Inc. USEPA RegionV

    Duff&PhelpsInvestmentManagement MasterCardAdvisors,LLC ViskaseCorporation

  • 7/27/2019 Financial Job Guide for Newbies

    17/27

    The following job titles are examples of those held byFinance Alumni and/or those currently working in the field:

    AdvisorandSpecialist Director LoanSalesandTrading ProjectManager

    AdvocacyAssociate DirectorofBusinessDevelopment QualityManager

    Agent DirectorofHumanResources RealEstateAgent

    Analyst DirectorofWealthManagement RegisteredRepresentative

    ArticlingStudent EquityAnalyst ResearchAnalyst

    AssistantController FAS Associate SeniorAccountant

    AssistantDeputyDefender FinancialAccountant SeniorAuditor

    AssistantMarketExecutive FinancialAdvisor SeniorComplianceExaminer

    AssistantOperationsOfficer FinancialAnalyst SeniorConsultant

    AssistantPortfolioManager FinancialConsultant SeniorFinancialAnalyst

    AssistantVicePresident FinancialPlanner SeniorFinancialAuditor

    Associate

    GeneralManager Senior

    Partner

    AssociateEquipmentManagementOfficer GlobalProcurementManager SeniorProjectDirector

    AssociateFinancialAnalyst HousingAccountingClerk SeniorVicePresident

    Attorney InterestRateFuturesTrader SoftwareEngineer

    BusinessAnalyst InvestmentAnalyst Staff Economist

    BusinessManager InvestmentOperationSpecialist StaffingSpecialist

    CFO LeadingSuperRothPlanner Teacher

    ClientEnergyManager ManagementConsultant TechnicalRecruiter

    ClientServiceRepresentative Manager,BusinessDevelopment Trader

    ClientServicesOfficer ManagingDirector UISOperator Chicago

    CommercialBanker ManagingPrincipal Ultrasonographer

    CommercialCreditAnalyst MarketPlanning Underwriter

    CommercialLoan

    Officer

    Mortgage

    Loan

    Officer Valuation

    Associate

    CommodityBroker NationalAdmissionsAdvisor ViceChiefAccountingOfficer

    Consultant PortfolioManager VicePresident

    Controller PracticeManagement VicePresidentofCashManagement

    DeputyDistrictAttorney President VicePresidentofInformationSystems

    DevelopmentDataServicesManager Principal VicePresidentofInvestmentConsultant

    Director ProductSupportSupervisor VicePresidentofOperations

    DirectorBusinessDevelopment ProgrammerAnalyst

    AsofJuly2008

  • 7/27/2019 Financial Job Guide for Newbies

    18/27

    Online Resources:

    Academy of Financ ial Services: http://www.academyfinancial.org/ American Finance Association: http://www.afajof.org/ Certified Financial Planner: Board of Standards, Inc: http://www.cfp.net/ Financial Executives Institute: http://www.financialexecutives.org/ Financial Management Association: http://www.fma.org/ Financial Planning Assoc iation: http://www.fpanet.org/ Futures Industry Institute: http://www.fiafii.org/ Government Finance Officers Association: http://www.gfoa.org/ Society of Financial Services Professionals: http://www.financialpro.org/

    **Additional associations and societies by specialization within Finance**

    Accounting: http://www.ipl.org/div/aon/browse/bus03.00.00/ Banking: http://www.ipl.org/div/aon/browse/bus08.00.00/ Insurance: http://www.ipl.org/div/aon/browse/bus35.40.00/ Investments: http://www.ipl.org/div/aon/browse/bus35.35.00/ Personal Finance: http://www.ipl.org/div/aon/browse/bus35.65.00/ Real Estate: http://www.ipl.org/div/aon/browse/bus75.00.00/ O*NET Online: http://online.onetcenter.org

  • 7/27/2019 Financial Job Guide for Newbies

    19/27

    Job Search Websites:

    Jobs in the Money: http://www.jobsinthemoney.com/ eFinancial Careers: http://www.efinancialcareers.com/ Careers-in-Finance: http://www.careers-in-finance.com/ Career Centers eRecruiting website: http://depaul.erecruiting.com Collegegrad.com: http://www.collegegrad.com CollegeRecruiter.com: htt://www.collegerecruiter.com Careeronestop.org: http://www.careeronestop.org Careerbuilder.com: http://careerbuilder.com Indeed.com: http://www.indeed.com Quant Finance Careers: http://www.quantfinancejobs.com/ CollegeRecruiter.com: www.collegerecruiter.com/ Financial Job Network: http://www.financialjobnet.com/ CareerBank.com: http://www.careerbank.com/ The Riley Guide: http://www.rileyguide.com/finance.html

  • 7/27/2019 Financial Job Guide for Newbies

    20/27

    Salary Links:

    Salary.com: http://www.salary.com Wage web: http://www.wageweb.com NACE Salary Survey 2008: http://careercenter.depaul.edu/_downloads/sschartSP08.gif Indeed.coms Salary Search: http://www.indeed.com/salary Monster.coms Salary and Benefits Information: http://career-advice.monster.com/salary-

    benefits/home.aspx

    Vault.coms Salaries and Compensation: http://www.vault.com/salaries.jsp Collegegrad.coms Salary Information: http://www.collegegrad.com/salaries/index.shtml Careeronestop.orgs Salary Information:

    http://www.careeronestop.org/SalariesBenefits/SalariesBenefits.aspx

    Pay Scale: http://www.payscale.com/ Career Builder Salary: Cbsalary.com

  • 7/27/2019 Financial Job Guide for Newbies

    21/27

    Finan

    Theleadefinan

    StudfinaninterapromsouneducFMAeventthe wour

    *To lhttp:/

    DePaTheaccoassetmemsocialworkVisits

    learn

    TheencoScholwhotwo srespesheetpoint*To l

    to joi

    DePaTheestabNelsof thehas ainitiatimany

    cial Manageinancial Manr in developiial decision

    nt Chapter isial institutionction betweete the develfinancial prtion in finan

    DePaul chaps, educationorlds leadingembership b

    arn more in/condor.dep

    ul UniversitePaul Univenting/busines to the businers are askeevents, nethops. In addi, where mem

    more about t

    ccounting clraged and rarship Prograve accumulniors, three

    ctive level (ths for membetoward thearn more in

    n, go to http:

    ul InvestmeePaul Investlished in then and Eric Dclub since d

    lso put forthon of an undnotable busi

    ment Associagement Assg and disseaking. The

    to bridge thes and student

    financial prpment and uctices, and te for student

    er has accol finance sefinancial cense by 100%,

    ormation abaul.edu/~fm

    Accountingsity Accountis majors caess world. Td to participaorking eventtion, every fabers can visit

    e accountin

    b holds manwarded. Form. At the Anated the highuniors, two sis is subject ts are availablcholarships.ormation ab

    ://condor.de

    t Clubment Club wummer of 2tram with thy one was treat effort intrgraduate stesses, mem

    DePaul

    ationociation (FMinating knowission of the

    gap betwees, to providefessionals anderstandingenhance th.

    plished ourinars, commters. Our sucwith an addit

    out DePaul/membershi

    Clubng Club is anjoin togetheroughout thee in numero, and skills ill, the Accoufirms around

    and busine

    events forach event tual Spring

    est number ophomores,

    o change bae at all Acco

    out the DeP

    aul.edu/~ac

    s07 by Danhope of getteducate its

    o bringing prck fund som

    bers have al

    rganiza

    ) is the globledge aboutFMA DePaul

    academiciaopportunitiesd students, tof basic andquality of

    ission by prnity service

    cesses in proion of 90 ne

    chapter ofp.htm.

    organizationto become fschool year,s service actprovementting Club hothe Chicago

    s profession.

    hich participat you attenanquet, eightf points thround one freshed on the conting Club s

    ul Universit

    /about.html.

    ing students iembers abominent speaetime in theo had the op

    ions:

    l

    s,foroof

    viding studectivities, an

    gramming thimembers la

    FMA and the

    in whichture

    ivities,

    ts Firmarea to

    tion is, points will bscholarship

    ghout the yeman with thetributions ofonsored eve

    y Accountin

    nterested abut stocks ankers on camear future.ortunity to in

    ts with corpspring brea

    s year havest year.

    requiremen

    e awarded toare awarder. Scholarshihighest pointarea compants, so be su

    g Club and t

    ut investing.how to inveus as well aith a city liketeract with s

    rate networkieducationalelped increa

    ts to join, go

    ard ourto the mem

    ps are awards for theiries). Sign-ine to sign in f

    he requirem

    The primaryt in them. ThcoordinatingChicago andme of the

    ngripse

    to

    ersed to

    r

    nts

    goalclub

    theits

  • 7/27/2019 Financial Job Guide for Newbies

    22/27

    business world's most prominent individuals and companies. The objective behind each and every oneof these ideas is to provide members with the experience they need for today and for the future.*To learn more information about the DePaul Investment Club and the requirements to join, goto http://depaulinvestmentclub.com/.

    Alpha Kappa Psi: The Professional Business FraternityIn 1904, Alpha Kappa Psi was founded on the principles of educating its

    members and the public to appreciate and demand higher ideals in business

    and to further the individual welfare of members during college and beyond.

    College men and women everywhere are discovering that Alpha Kappa Psi is

    much more than just another organization or clubit is a unique, prestigious

    association of students, professors, graduates and professionals with common

    interests and goals. The main focus of Alpha Kappa Psi is to provide leadership development, personal

    and professional training and the fundamental ingredient higher education missesexperience.

    Through professional development, educational programs, community service and a hands-on

    application of formal education, students of Alpha Kappa Psi use the business skills they are taught in

    the classroom to acquire life skills such as the art of compromise, consensus building, projectmanagement, team building and networking.

    The Tau Chi Chapter of Alpha Kappa Psi, located in the heart of Chicago at DePaul University, was

    established in 2002. The founding members of the fraternity felt a need to establish an organization

    that stressed the bonds of brotherhood as well as professional business skills. Currently, the Chapter

    stands strong with 51 active members and many graduated alumni dispersed throughout Chicagos

    vast business network.

    *To learn more information about DePauls chapter of Alpha Kappa Psi and the requirements to

    jo in , go to http ://www.akpsi -depaul.com/index.html.

    Delta Sigma Pi: Professional Business FraternityDelta Sigma Pi is a professional fraternity organized to foster the study ofbusiness in universities; to encourage scholarship, social activity and theassociation of students for their mutual advancement by research and practice;to promote closer affiliation between the commercial world and students ofcommerce, and to further a higher standard of commercial ethics and cultureand the civic and commercial welfare of the community.

    Delta Sigma Pi was founded in 1907 at New York University: School of Commerce, Accounts andFinance by Harold Valentine Jacobs, Alexander Frank Makay, Alfred Moysello and Henry Albert

    Tienken. Today, coast to coast, more than 260 chapters and over 221,000 members support the goalsand ideals of the Fraternity.

    The Alpha Omega Chapter of Delta Sigma Pi was founded on June 6, 1928 with the advent of thesplendid expansion of the downtown school in opening its new magnificent building. Delta Sigma PiFraternity, inspired by the spirit of the move, has brought to DePaul a National Fraternity of the highestcaliber with its reactivation in February 2001.*To learn more information about DePauls chapter of Delta Sigma Pi and the requirements tojo in , go to http ://dspdepaul.wordpress.com/.

  • 7/27/2019 Financial Job Guide for Newbies

    23/27

    DePaul University Library Resources:

    Ring, Trudy. Careers in Finance. New York: VGM Career Books, c2005.332.02373 R581c2005 (Lincoln Park Career Information Collection)

    Information about Book: The world of finance has experienced vast changes inrecent years. With advanced computers taking over many number-crunchingduties, financial firms are in need of analysts. The economy is going global atbreakneck speed, making a career in finance more vibrant and exciting thanever. The opportunities are endless for young, creative thinkers. With keenforesight and thorough knowledge of the industry, you can get on the fast trackof this ever-expanding industry. Before you invest time, money, and effort,though, let Careers in Finance provide you with an accurate picture of what

    various specialties entail. This concise let comprehensive guide provides numerous tips for finding andkeeping the job that's right for you. Careers in Finance includes expert guidance from those in the field as

    well as an appendix of resources for additional information. Here's the first step in preparing yourself forwhat to expect and what to project in order to succeed, no matter which path you choose. Book jacket.

    Sumichrast, Michael.Opportunities in Financial Careers. New York: VGM CareerBooks, c2004. 332.02373 S955o2004 (Loop Career Information Collection)

    Information about Book: The most comprehensive career book series available,Opportunities in Financial Careers explores a vast range of professions to help jobseekers find the job that's best for them. Each book offers the latest information

    on a field of interest, training and education requirements for each career, up-to-date professional and internet resources, salary statistics for different positionswithin each field and much more.

    Eberts, Marjorie. Careers for Financial Mavens & Other Money Movers. Chicago:VGM Career Books, c2005. 332.02373 E16c2005(Loop Career InformationCollection)Information about Book: Careers For You is the only career series designedexpressly to turn passions into paychecks! The inspiring Careers for You seriesencourages career explorers to examine the job market through the unique lens oftheir own interests. Includes: The latest information on training and education, tips ontransforming hobbies into job skills, stories of success from each field, expert adviceon finding and getting the job, advice on competing in hot job markets.

  • 7/27/2019 Financial Job Guide for Newbies

    24/27

    Publishing, Ferguson. Careers in Focus: Financial Services. Chicago: FergusonPublishing Company c2001. 332.02373 C271cf2001 (Loop Career InformationCollection)Information about Book: Each volume in Ferguson's Careers in Focus series offersan overview of a career category followed by a selection of jobs.This issue focuseson financial services.

    Paradis, Adrian A. Opportunities in Banking Careers (electronic resource).Lincolnwood: VGM Career Cooks, c2001. E-Book (DePaul Electronic Access)

    Information about Book: Opportunities in Banking Careers offers job seekersessential information about a variety of careers within the banking field and includestraining and education requirements, salary statistics, and professional and Internetresources.

    * To find more books about career options for finance majors, you can go to the DePaul University

    Libraries page and locate Books, Videos, & Music. (http://www.lib.depaul.edu/books.htm).

  • 7/27/2019 Financial Job Guide for Newbies

    25/27

    What do Employers Look For in Finance Majors?

    There are three main things that employers look for in finance majors:

    1. Skills and Abilities2. Knowledge/Pursuit of Certifications3. Personal TraitsSkills and Abilities:

    Strong Math, Problem Solving and Analytical Skills Conducting Financial Analyses Computer Analysis of Data Use of Spreadsheet and Statistical Packages Interpersonal Skills Customer Service(Personal Financial Advisors) Creative ThinkerKnowledge:

    Money Market Economy Tax Laws Pursuit of Certifications and Licensing

    o Chartered Financial Analyst(CFA)o Certified Financial Planner(CFP)o Chartered Life Underwriter(CLU)o Series 6, 7, 24, 63, 65, 66, etc.

    Compliance Procedures

    Foreign Language International FinancePersonal Traits:

    Motivation Independent Leadership Organization Self-Confident

    Detail Oriented Positive Attitude Flexibility Communication Skills Problem Solving Ability Maturity Integrity

  • 7/27/2019 Financial Job Guide for Newbies

    26/27

    Getting Started- 4 Steps: Exploring the Career Center Road Map

    1. Know YourselfThink about what has attracted you to finance and why it is the right major for you. It is importantthat you think about who you are, what you l ike, and what is important to you when thinking aboutwhy you have chosen finance as a major .

    What are your interests?

    What are your skills and abilities? What values are important to you in choosing a major and career? How does your personality relate to choosing a major and career options?

    2. Explore and Choose Options:Once you have chosen Finance as a major, ask yourself these questions:

    What are all of the available concentrations within finance? What are the academic requirements for finance as a major? What types of jobs are associated with finance? How do you connect skills and education with career options? How do you make decisions and set goals about career choices?

    3. Gain Knowledge and ExperienceOnce you make decisions about the di rection you would li ke to take with a career path in finance,you can begin to gain knowledge and experience:

    Gain professional experience through on-campus employment, co-ops, internships (UIP), and part-time jobs

    Look for additional opportunities to volunteer, study abroad, assist with research, or get involvedwith community service activities

    Attend relevant Career Center workshops such as: How to Find On-Campus Employment, How toFind an Internship, Introduction to Resumes and Cover Letters, Interviewing Skills, How to Prepare

    for Graduate School Find job shadowing and practice interviewing opportunities through the Alumni Sharing Knowledge

    (ASK) Program

    Join student and/or professional organizations Meet with your career advisor and/or faculty in psychology for insight into internships opportunities Talk with your academic advisor for recommendations on courses and major requirements

    4. Put It All TogetherOnce you have gained experience and learned the necessary tools to find opportunities, you canbegin the job search process:

    Attend relevant Career Center workshops such s How to Work a Job & Internship Fair, Job Searchstrategies, Advanced Resume and Cover Letters, How to Build a Portfolio, Advanced Interviewing, andNegotiation Skills

    Participate in practice interviews Meet with a peer career advisor or career advisor to discuss job search strategies Create a portfolio of your work and accomplishments and practice presenting it Attend the Career Centers job and internship fairs Consider DePauls On-Campus (OCI) opportunities

    For more information, visit http://careercenter.depaul.edu

  • 7/27/2019 Financial Job Guide for Newbies

    27/27

    References:

    Careers-in-Finance:

    DePaul University Libraries:

    Financial Management Association: http://condor.depaul.edu/~fma/

    DePaul University Accounting Club: http://condor.depaul.edu/~ac/

    DePaul Investment Club: http://depaulinvestmentclub.com/

    Delta Sigma Pi:

    Alpha Kappa Psi: < www.akpsi.com>

    U.S. Department of Labor Bureau of Statistics: Occupational Outlook Handbook, 2008-2009 Edition..

    Western Carolina University:

    ModernAnalyst.com:

    Wikipedia: The Free Encyclopedia:

    StateUniverdsity.com:

    InvestorWords.com: http://www.investorwords.com/4130/Registered_Representative.html

    Empire Stock Broker: http://www.empirestockbroker.com/